Online Term Plan Plus
- 3D Benefit
- Life Cover Upto Age 85
- 40 Critical Illness Covered
Max Life Online Term Plan Plus is a pure protection plan that offers the privilege to the policyholder to buy the plan online. Unlike other traditional plans, this policy allows an individual to compare, analyse, and buy the plan from the convince of their own home, this saves time. Max online plan eliminates the service middleman or agent hence the premiums are lower and the terms and conditions are transparent. The company offers a swift and secure buying process with 40 critical illnesses covered under this policy. The plan offers life coverage of 85 years and death benefits, upgradation of the life cover at any stage of life, and a maximum sum assured of 1 Crore. Now let us explore the plan in detail through this article.
The insured has to fulfill the following eligibility criteria to buy this plan:
| Criteria | Specifications |
|---|---|
| Entry Age (Age on Last Birthday) | Minimum Age: 18 Years Maximum Age: 60 Years/Pay Till 60-50 Years |
| Maximum Maturity Age (Age on Last Birthday) | 85 Years |
| City Of Residence | In 353 Cities in India |
| Nationality | For NRIs in selected countries NRI can connect by writing at nri.helpdesk@maxlifeinsurance.com |
| Policy Term | Base Plan - Choose a Term from 10- 50 Years (in intervals of 1 year), subject to Maximum Maturity Age Critical Illness - Choose a term from 10-40 Years. However, if you have selected the 'Pay till 60 options' the policy term for CI benefit will be restricted to the Premium payment term only. |
| Sum Assured | Base Plan: Minimum - Rs 25 Lakh Maximum - Rs 100 Crore The Sum Assured must be in multiples of 1 lakh. |
| Premium Payment Modes | Annual/Semi-Annual/Quarterly/Monthly Minimum: Rs 2200 (RP) Maximum: Rs 2,18,44,600 (Pay Till 60) |
| Premium Payment Term | There are two premium payment variants available: Regular Pay Pay Till 60 |
The plan offers a plethora of benefits, that are mentioned below:
Exclusions of the policy are mentioned below:
Let us understand this with an example:
Miss Suman is 35 years of age and bought the Max Plan Plus for his husband and her daughter. Unfortunately, she passed at the age of 38.
Now, Suman's husband or daughter will contact the company and raise the claim. The pan will offer a lump sum p payout of Rs 1 Crore, which is tax exempted as well.
Max Life Term Online Plan Plus is an online plan that offers coverage against 40 critical illnesses and a high sum assured of 100 crore. The policyholder can upgrade the plan coverage at any stage of their life, the insured can pay the premium up to the age of 60 and can enjoy the plan benefit up to the age of 85. So, overall we can say that this plan makes the buying and comparing process easy as they are available online.
Check and compare plans from 21 IRDAI-approved term insurance providers before purchasing a term plan.
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Priya has been in the content writing industry for over 8 years. She has been religiously following the insurance sector since the start of her career which makes her an avid insurance expert. Her forte lies in health, term, and life insurance writing, along with her knowledge of the latest developments in the insurance sector.
